XAUUSD Trend Following Long.
Daily Gold Chart is putting in signals indicating that the bull trend is well intact and ready to push higher up the chart.
Trade entry is set to notch on consolidation Volume Profile.
Gold however really does like to play the Fibonacci Levels, so perhaps the swing 61.8% level at $1560 would prove a more prudent entry level.
As always, I like to operate a logical Stop Loss level, and a hard Stop Loss level. If Logical Stop Level is breached and price does anything other than immediately reverse back up the charts, then the trade should be scratched.
Trade entry is set to notch on consolidation Volume Profile.
Gold however really does like to play the Fibonacci Levels, so perhaps the swing 61.8% level at $1560 would prove a more prudent entry level.
As always, I like to operate a logical Stop Loss level, and a hard Stop Loss level. If Logical Stop Level is breached and price does anything other than immediately reverse back up the charts, then the trade should be scratched.
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